First American Financial

First American Financial Corp. engages in the provision of title insurance and settlement services to the real estate and mortgage industries. It also provides other financial services and risk solutions. It operates through the following segments: Title Insurance and Services, Specialty Insurance, and Corporate. The Title Insurance and Services segment provides title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions. It also maintains, manages and provides access to title plant records and images and provides banking, trust and investment advisory services. The Specialty Insurance segment issues property and casualty insurance policies and sells home warranty products. It also provides title plant management services, which include title and other real property records and images, valuation products and services, home warranty products, property and casualty insurance and banking, trust and investment advisory services. The Corporate segment includes the investment and management of the company's venture investment portfolio. The company was founded in 1889 and is headquartered in Santa Ana, CA.

Earnings data Q1 2021

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First American Financial reports resilient Q4 performance and growth opportunities

First American Financial navigated challenges in declining orders with a focus on expense management and investment income growth.
Despite declining open orders, the company had a record year in the commercial business segment.
Opportunities lie in capital deployment, returning capital to shareholders, and improving transparency.
Analyst questions highlighted areas for improvement and clarity, signaling a focus on addressing stakeholder concerns.

First American Financial reports solid Q1 earnings amidst market challenges

First American Financial demonstrated strong financial performance with notable increases in net investment income and pre-tax title margin, despite facing challenges in the commercial market and residential purchase business.
The company's recognition as one of the best workplaces, progress at Endpoint, and financial stability of ServiceMac highlight its strengths and resilience.
While challenges persist in certain market segments, opportunities for growth and efficiency improvements exist through strategic initiatives and effective expense management.
Overall, First American Financial's Q1 2023 earnings call reflects a mix of positive results, challenges, and opportunities, positioning the company for continued success and growth.

First American Financial reports resilient Q2 performance amidst market challenges

First American Financial navigated market headwinds well, with a focus on shareholder returns and operational improvements. Despite revenue declines in certain segments, the company's financial performance remained strong, supported by growth in investment income and a stable commercial market.

First American Financial resilient in challenging Q3, eyes growth

First American Financial navigated challenging market conditions in Q3 2023, maintaining a strong financial position and delivering solid earnings.
While facing uncertainties in the commercial market, the company demonstrated resilience through strategic initiatives and efficient expense management.
Opportunities for growth exist in the residential purchase and Home Warranty businesses, despite cautious outlooks for 2024.
Overall, First American Financial's performance reflects adaptability to market changes, commitment to shareholders, and a focus on sustainable growth.

First American Financial faces cybersecurity impact but shows resilience and growth potential

First American Financial navigated challenges from a cybersecurity incident, impacting Q4 results but showing resilience.
Despite revenue declines in key segments, the company demonstrated strength through share repurchases and stable investment income.
Addressing margin drag and capitalizing on volume increases present opportunities for future growth and profitability.

First American Financial shows resilience amidst real estate challenges in Q1

First American Financial navigated challenges in Q1 2024 but showed resilience and positive signs of recovery in key segments.
Management's focus on maintaining margins and addressing industry challenges indicates a strategic approach to future growth.
Opportunities exist to capitalize on momentum, optimize revenue streams, and adapt to regulatory changes for sustained success.
Overall, the company's performance in Q1 reflects a mix of challenges, strengths, and opportunities for strategic advancement.

First American Financial reports mixed Q2 results, focuses on automation

First American Financial's Q2 performance showed mixed results with stable commercial business but challenges in the purchase and refinance markets. Strong performance in the Home Warranty segment and early success of automation initiatives provide a foundation for growth amidst market uncertainties.

First American Financial reports Q3 growth amidst market challenges

First American Financial (FAF) delivered solid financial performance in Q3 2024, driven by revenue growth and improved earnings per share.
While facing challenges in the purchase market and the Home Warranty segment, FAF's strategic focus on efficiency and innovation bodes well for future resilience.
Optimism for the commercial business segment and ongoing efforts to streamline operations present opportunities for sustained growth and profitability.

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First American Financial Corp. engages in the provision of title insurance and settlement services to the real estate and mortgage industries. It also provides other financial services and risk solutions. It operates through the following segments: Title Insurance and Services, Specialty Insurance, and Corporate. The Title Insurance and Services segment offers title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions. The Specialty Insurance segment issues property and casualty insurance policies and sells home warranty products. The Corporate segment includes the investment and management of the company's venture investment portfolio. The company was founded in 1889 and is headquartered in Santa Ana, CA.

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that Kenneth D. DeGiorgio has been named president. In his new position, DeGiorgio will have oversight responsibility for the corporation's operating groups, including its title insurance, specialty insurance and data and analytics businesses. “Ken's well-deserved appointment follows more

First American Financial Corporation Names Kenneth D. DeGiorgio President

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced today that Jean C. LaTorre has been appointed to the company's board of directors. LaTorre currently serves as executive vice president and chief investment officer of The Guardian Life Insurance Company of America (Guardian), where she is responsible for investment policy and strategy a

First American Financial Corporation Appoints Jean C. LaTorre to Board of Directors

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that company management will participate in the upcoming 2021 virtual investor conferences listed below. Barclays Americas Select Franchise Virtual Conference on Tuesday, May 18, 2021 Truist Virtual Financial Services Conference on May 25-26, 2021 Virtual KBW Real Estate Finance & Tec

First American Financial Corporation to Participate in Series of Upcoming 2021 Virtual Investor Conferences

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that its board of directors has declared a quarterly cash dividend of 46 cents per common share. The cash dividend is payable on June 15, 2021 to shareholders of record as of June 8, 2021. About First American First American Financial Corporation (NYSE: FAF) is a leading provider o

First American Financial Corporation Declares Quarterly Cash Dividend of 46 Cents Per Share

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced important new enhancements to ClarityFirst™, a first-of-its-kind, end-to-end digital solution for commercial real estate transactions. Launched by First American Title's National Commercial Services Division in 2020, ClarityFirst™ is leading the digital evolution w

First American Title Launches Transformative Enhancements to Its ClarityFirst™ Platform, Accelerating the Digital Future of the Commercial Title Insurance Industry

The industry veteran's investments in technology are paying off.

How This 132-Year-Old Company Is Innovating the Real Estate Closing Process

DENVER, May 3, 2021 /PRNewswire/ -- Placekey, the free universal location identifier for places, today announced a strategic relationship with First American Data & Analytics, a division of First American Financial Corporation (NYSE: FAF) and a leading global provider of property and ownership data and advanced analytic solutions. "By pairing our datasets to Placekey's unique identifier, we are helping solve a large industry problem.

Placekey Announces Relationship with Data Vendors, Including National Property Data Leader First American Data & Analytics

Shares of First American Financial (NYSE:FAF) moved higher by 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 37.50% over the past year to ($0.05), which missed the estimate of ($0.01).

Recap: First American Financial Q4 Earnings

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the February 2021 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolita

Record Equity Levels Unlikely to Spur Many Homeowners to Sell, According to First American Real House Price Index

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SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that the United States Patent and Trademark Office has issued the company a patent for an innovative improvement to optical character recognition (OCR) technology that leverages artificial intelligence. The patented enhancement applies artificial intelligence to rapidly, efficientl

First American Awarded 30th U.S. Patent, Further Demonstrating Its Leadership in Title and Settlement Innovation

First American benefits from a healthy housing market. The company generates strong cash flows and returns cash to its owners through dividends and buybacks.

First American: Strong Earnings, Healthy Shareholder Returns, And An Inexpensive Valuation

First American (FAF) Q1 results reflect strong purchase and refinance businesses.

First American (FAF) Q1 Earnings & Revenues Top, Rise Y/Y

First American Financial Corp (FAF) CEO Dennis Gilmore on Q1 2021 Results - Earnings Call Transcript

First American Financial (FAF) delivered earnings and revenue surprises of 27.13% and 10.16%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

First American Financial (FAF) Tops Q1 Earnings and Revenue Estimates

Shares of First American Financial (NYSE:FAF) decreased 0.0% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 54.72% over the past year to $1.64, which beat the estimate of $1.33.

First American Financial: Q1 Earnings Insights

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced financial results for the first quarter ended March 31, 2021. Current Quarter Highlights Total revenue of $2.0 billion, up 43 percent compared with last year Closed title orders up 42 percent, driven by a 70 percent increase in refinance orders Average revenue per order down 9 perc

First American Financial Reports First Quarter 2021 Results

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American's proprietary Potential Home Sales Model for the month of March 2021. March 2021 Potential Home Sales Potential existing-home sales decreased to a 6.26 million seasonally adjusted annualized rate (SAAR), a -0.1 percent month-over-month decrease. This represents a 79.7

Housing Market Potential Dips Slightly From 13-Year High, According to First American Potential Home Sales Model

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SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that it will host a conference call on Thursday, April 22, 2021, at 11 a.m. EDT. The call will follow the release of the company's earnings results for the first quarter of 2021, which is scheduled earlier that day at 6:45 a.m. EDT. The conference call, which will also be broadcast

First American Financial Announces First Quarter 2021 Earnings Conference Call

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SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the January 2021 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan

Affordability Improved Amid Soaring Nominal House Prices, According to First American Real House Price Index

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced today that Fortune® and Great Place to Work® have recognized First American as one of the Best Workplaces in Financial Services & InsuranceTM for the fifth year in a row. The ranking is based on analysis of confidential survey responses from more than 840,000 employees at Great Place

First American Ranked Among the Best Workplaces in Financial Services & Insurance by Fortune and Great Place to Work® for Fifth Consecutive Year

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